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Not to mention that before the iPhone Apple's P/E never dropped below 20 and was usually hovering around 40.
by Perceval 13y ago
Not to mention that before the iPhone Apple's P/E never dropped below 20 and was usually hovering around 40.
- mdemare 13y agoApple's cash pile is 1/3 of their market cap. That means that is they'd use it to buy their own shares at the current price (they can't, they need to pay taxes on most of it first) their P/E ratio would drop to about 9.
- shovel 13y agoI've always been amazed that AAPL trades at such a low PE multiple. Can you help me understand why?